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TAS › Waverley › Magnet St

26 Magnet St, Waverley TAS 7250

House

$410,000

Last sold

18 May 2022

3

Bedrooms

1

Bathrooms

10

Car spaces

1,272 m²

Land

10 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $410,000 (18 May 2022).(Recorded sale)
  • CalculationLand 1,272 m² against a 10 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Waverley (last 5 years) with land size: median $595/m² of land (n=52). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$410,000

18 May 2022 · derived via latest_sale

Local land rate: recorded House sales in Waverley (last 5 years) with land size have a median of $595/m² of land (n=52). Districts calculation from recorded sales — not a valuation.

Waverley at a glance

1,657

People

$525,000

Median sale

$446/wk

Median rent

4.42%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Waverley report →

Vs Waverley

-21.9%

Median sale

Suburb $525,000

+1.24 pp

Gross yield

Suburb 4.42%

Suburb median $525,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listedprice unknowncompleted15 June 2022
  2. Sold$410,00018 May 2022

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

TAS

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $446/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Waverley in one glance

Waverley at a glance

1,657

People

$525,000

Median sale

$446/wk

Median rent

4.42%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Waverley report →

Keep researching

  • Why Waverley? Read the area thesis →
  • What else is on the market in Waverley →
  • Other records on Magnet St →

Listing material

Listed by Elders Towns Shearing

Wow! Loads of opportunity here! Surrounded by park lands. Peace and quiet, all on 1,272m2.

Situated at the end of a dead-end street on the out skirts of Waverley, and only a short 5 minute-drive from Launceston's CBD, is this incredible opportunity for a first home buyer, investor, or a family who just loves the peace and quiet and surrounded by parklands for that perfect country setting. The home is very well presented with a near new kitchen, spacious lounge with a split system inverter for all your heating and cooling needs, fire place, large window filled with natural sun light and magnificent Council reserve forests views on two sides, there are three bedrooms two with built-ins, a bathroom (may need a little updating but nice) separate toilet and a separate laundry. There is also a lovely private entertaining deck out front.

Outside is unbelievable, so much space, together with a large storage shed, garden shed, sitting areas and all this is surrounded by a new 6-foot colour bond fence, allowing you to enjoy in total privacy. There are two driveways, one to the right of the home and a second driveway to the left, which has a five-metre entrance for maybe future development that you could use, now or in the future, maybe one or two units at the rear subject to council approval. To the left of the boundary of the property for those who are interested there is a lane way for council workers to maintain the park lands behind and to the right. Well that's about it.

Call me today for your private inspection.

Listing description written by Peter Haworth, Elders Towns Shearing — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.